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Official Gazette

Monday, September 26, 2022

Six tax laws are to be revised

Updated: 15:49’ - 27/03/2022

The Ministry of Finance (MOF) has recently requested ministries, sectors, provincial-level People’s Committee, and the Vietnam Chamber of Commerce and Industry to review, consider and propose amendments to six tax laws. 

Submitting tax dossiers at Ba Dinh district’s Tax Branch in Hanoi__photo:

They are the Law on Environmental Protection Tax, Law on Personal Income Tax, Law on Agricultural Land Use Tax, Law on Non-Agricultural Land Use Tax, Law on Import and Export Duty and Law on Royalties.

Regarding the Law on Environmental Protection Tax, the MOF asks the above-mentioned agencies to review contents regarding taxable objects; non-taxable objects; taxpayers; quantity of goods for tax calculation; tax brackets; and tax declaration, calculation, payment and refund. It also requests the Ministry of Natural Resources and Environment to assess the consistency between the degree of pollution of taxable goods and their applicable tax brackets and tax rates for use as a basis for adjustment of tax brackets and rates.

With regard to the Law on Personal Income Tax, it is required to review such contents as taxpayers, taxable incomes, tax-exempt incomes, tax bases and methods of determining payable tax amounts; tax rates; family circumstance-based tax reduction, among others. Worthy of note, the MOF proposes ministries, sectors and localities to point out contents that need to be amended right away under an omnibus law and non-crucial issues that will be dealt with when the Law on Personal Income Tax is revised.

As for the Law on Agricultural Land Use Tax and the Law on Non-Agricultural Land Use Tax, the MOF wants to receive opinions on such contents as subjects liable to land rental, land use levy, registration fee, land use tax, and taxes upon transfer of land ownership or use rights; grounds for tax and fee calculation; and tax and fee exemption and reduction policy. In addition, it is necessary to consider consolidating these two laws,  adding contents on housing taxation or formulating a new law on property or real estate tax.- (VLLF)


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